Moz

According to Korean media reports, SK hynix plans to announce a KRW 60 trillion (US$46.2 billion) shareholder return package at its third-quarter earnings announcement on October 28. The package would include KRW 30 trillion in share buybacks and KRW 30 trillion in dividends. Samsung is reportedly also pursuing a shareholder return plan totaling KRW 110 trillion (US$82.9 billion). hankyung.com/article/2026102…

I’ve bought some $KLAR, with a fairly tight stop. This is basically just a mean reversion trade as I can’t make any sense of why the valuation gap between this and Affirm $AFRM is as obscene as it is. Klarna has lots of fud, few recent management missteps, very messy accounting and pretty awful net margins, so a lot seems to rest on next set of results, but if they can show the start of some decent operating leverage I think the stock will pop hard

EXCLUSIVE: Rory Kennedy’s feature documentary 'The Trial of Alec Baldwin' is heading to the international market after Blue Ant Media acquired the global licensing rights deadline.com/2026/09/the-tri…

Annual trimmed mean inflation remains way too high at 3.6%yoy. And while there may be seasonal adjustment issues with the mthly chge of 0.5%mom, the trend is going the wrong way, ie up! (Unfortunately) our view remains the RBA will have to hike again, prob in Nov but poss in Sep

Certainly some uncertainty around, but options are: 1) SMR loses auction. Good for SP 2) SMR wins auction at much less than $5b AUD price tag. Good for SP 3) SMR wins auction, avoids big raise with debt + sell down / involvement of Latimore. Good for SP

It is very hard to see how $BAMI.TO is not going up from here. I can’t be bothered explaining the company in detail, but any one of the CEOs recent investor calls will give you the picture. In addition to what others have said about it (eg teapaw.org/thenarrenschiff/status…), it looks like it has one of my favourite re-rate catalysts, which is when top line earnings figures conceal interesting underlying growth/changes. Basically, to understand the underlying story you need to understand that the business has three segments (1) a legacy Canadian cable business (about 10-15% of revenue), (2) an international tv production and distribution business (about 50% of revenue), and (3) a global tv channel and streaming business comprising pay-TV and free ad-supported channels/streaming (about 30-35% of revenue). In their last quarterly they reported 27% YoY growth in the global channels/streaming segment. This is mainly organic growth, unlike the growth in the international tv production and distribution segment which is partly inflated by m&a including the 2025 $TBRD acquisition. But contained within that headline 27% figure is a decrease in revenue from the free, ad supported channels/streaming (FAST) part of that segment. This came up on the latest earnings call (see attached image) and suggests that the rest of that part of the business segment probably grew at maybe 35%. Yet the FAST / other ad-supported streaming side of the business is by far the best part of the business. The issue now is that although “viewership of FAST, AVOD and subscription streaming with ads is way up … CPMs are soft … we think that trend …. will catch up and right itself” (see attached). So basically, the segment is probably growing at a normalised rate of well over 30% even assuming no growth in the FAST/AVOD business (which seems to me like the part of the business most likely to grow at a double digit rate from here). It’s a recipe for a surprise to the upside over next 12-18 months. As to the downside, EV/EBITDA is around 2.5 against sector average of maybe 5-8. Lots of safety. There are some flow dynamics from recent acquisitions that have contributed to volatility as lock-ups on shares paid in acquisitions have expired. Some of that is still to come but on my maths maybe 40% of those who were likely to sell have already sold. Company reports next week I own many shares

I’ve been buying this lately (Fujii Sangyo / $9906.t). It’s got all the high quality Japanese net-net markers (forward PE of 5 or 6, 70% market cap in cash, decent ROE even despite the pile of cash), but it’s also got a couple of specific catalysts/moving parts that make me particularly interested. First is that it has significant exposure to the AI / data center capex boom as the company does a lot of the building and electrical work for data center construction Second, and more importantly, the company is finally executing on a long term corporate restructure to separate out their main businesses as subsidiaries, each with their own CEO, budget, etc. the company has explicitly said that this is to improve profitability, capital allocation, efficiency etc (“sustainable improvement of corporate value”) going forward (see attached image)